RMB Nigeria advises on BOI’s ₦274.18 billion domestic bond issuance
Rand Merchant Bank (RMB) Nigeria acted as Joint Issuing House on the successful issuance of the Bank of Industry’s (BOI) inaugural domestic Naira-denominated ₦274.18 billion 5-Year Fixed Rate Bond due 2031, marking the largest debt capital markets issuance by a Development Finance Institution (DFI) in Nigeria, based on publicly available market data. The transaction was […] The post RMB Nigeria…
J.P. Morgan has recently introduced a new benchmark, the Government Bond Index–Emerging Markets Edge (GBI-EM Edge), which includes Nigeria among its constituent countries. The country is assigned a 7.4% weight in this benchmark, indicating a significant presence in the index. This move comes more than a decade after Nigeria was removed from J.P.
Morgan's flagship emerging-market government bond index in 2015. The GBI-EM Edge specifically targets frontier emerging markets and local-currency government debt, tracking approximately $328 billion in debt across 425 instruments in 26 markets and 24 currencies. With $17.47 billion in eligible Nigerian government bonds, the country's inclusion in this new index could potentially enhance visibility and attract international fixed-income investors seeking higher yields.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
